Ledger Wallet is a smartcard based Bitcoin hardware wallet.
Following their recent Series B round of funding, they have raised an extra $75 million making them the outright leader in cryptocurrency hardware wallets. They offer customers a choice between their Ledger Nano S and the more expensive Ledger Blue, either of which is an essential for any cryptocurrency investor.
The company, which is already profitable, has sold over a million cryptocurrency hardware wallets across 165 countries. They are also launching a new solution for financial institutions, the Ledger Vault, enabling banks, hedge funds and family offices to manage their crypto assets.
All these products are underpinned by a unique technology: an Operating System (OS) specifically designed to run on any secure hardware and to support any cryptocurrency. This technology enables security for blockchain applications and will eventually accelerate advancement in a wide variety of industries, from the internet of things to driverless cars, where security prevents widespread adoption.
Ledger had been struggling to keep up with the increase in demand across the year of 2017. the company is going to use today’s funding round to ramp up production and solve those back-order issues. “For the wallets, we integrated our operating system in a secure chip, and for the Vault, we are integrating it in a hardware security module,” Ledger co-founder and CEO Eric Larchevêque said. “The idea behind it is to provide additional features and services, such as multiaccounts, multisignature or timelocks.”
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